The '2 and 20' fee structure defines how VCs get paid. Here's how management fees, preferred returns, hurdles, and carry waterfalls actually work.

NYC's AI agent scene spans finance, legal, health, and customer experience. Here's the 2026 map of NYC-based agent startups and the investors behind them.

NYC-based AI startups raised $23B across 2023 through Q3 2025 — but NYC's AI share is 7.5%, not 60% like SF. Here's why NYC wins applied AI despite the gap.

BoxGroup is NYC's most prolific ultra-early investor — David Tisch and team have backed 350+ companies including Warby Parker, Plaid, Stripe, and Oscar.

NYC all-female-founded companies raised $955M across 143 deals in the 12 months ending June 2025 — more than SF in both dollars and deal count, per the NY State Comptroller.

AlleyWatch's daily funding reports and Crain's data center are the two most reliable sources for NYC VC news. Here's how to use them for deal sourcing and market research.